BDL share price today

Bharat Dynamics Ltd's share price was ₹1,075.00 at the close on 4 November 2026. It has been falling for 41 weeks. That is 15.6% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹974 and ₹1,614, and at that close it sat 16% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Bharat Dynamics Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 12 weeks running.

Over the last 8.6 years the share price moved +452% while the NIFTY 500 moved +146%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 21 August 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

1. Operating margin up 33 points on a year earlier

   15% in the June 2026 quarter, from -18%.

3. Revenue grew again in the June 2026 quarter

   Revenue was ₹572 crore, +130.6% on a year earlier (₹248 crore), after 2 quarters of decline.

BDL paid ₹4.90 a share in regular dividends in the 12 months to 5 November 2026 (2 payments), a yield of 0.46% at the ₹1,075.00 close on 4 November 2026. The last was a dividend of ₹0.40 a share, ex-date 21 September 2026.

BDL dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

Yes. Bharat Dynamics Ltd paid out 43% of its profit as dividends in FY26, and it paid a dividend in each of its last 13 reported years.

From the NSE corporate-actions record, read 5 November 2026.

For April to June 2026 (the quarter ended 30 June 2026), BDL reported revenue of ₹572 crore, up 130.6% from ₹248 crore a year earlier, and a profit of ₹119 crore, up 561.1% from ₹18.0 crore.

BDL results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

BDL closed at ₹1,075.00 on 4 November 2026, down 25.7% from ₹1,447.70 a year earlier (7 November 2025) and up 402.1% over five years. Its highest weekly close since March 2018 was ₹2,015.50 on 30 May 2025.

BDL share price: then and now

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

457 weekly closes from 23 March 2018 to 4 November 2026.

4 Nov 2026: BDL closed at ₹1,075.00, up 10.4% on the week and down 1.2% on the month. 21 Sep 2026: ex-date for a dividend of ₹0.40 a share.

Earlier

• Results for April to June 2026: Revenue up 130.6% and profit up 561.1% on a year earlier.
• 9 Feb 2026: ex-date for an interim dividend of ₹4.50 a share.
• 24 May 2024: Share split: face value cut from ₹10 to ₹5 a share (ex-date).

BDL is on 3 of our India lists: 52 week high & low, Small & mid cap stocks and Defence stocks.

Bharat Dynamics Ltd earned ₹119 Cr of net profit in the Jun 2026 quarter, +561.1% on the same quarter a year earlier. Full-year FY26 profit was ₹420 Cr. Over 10 years profit has grown −2.9% a year on average. That is 20.8% of the quarter's revenue. The same quarter a year earlier earned ₹18.0 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was ₹420 Cr (−23.6% on the year before).

Why profit moved: revenue changed +130.6% on a year earlier and the margin moved +33.0 percentage points. Most of the change came from keeping more of each sale.

On average over the last four quarters, profit changed +132.0% and revenue +34.0%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

Bharat Dynamics Ltd reported ₹572 Cr of revenue in the Jun 2026 quarter, +130.6% on the same quarter a year earlier. Over 10 years it has grown −5.0% a year on average. The last full year, FY26, came in at ₹2,442 Cr. The last four reported quarters add to ₹2,766 Cr.

Revenue is everything the company billed its customers in the period.

FY26 revenue was ₹2,442 Cr, −27.0% on the year before.

Recent pace: the last four quarters grew +34.0% on average, against −5.0% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew −18.7%, against +10.6% a year over the last 8 quarters (rolling over); profit over the last 12 months grew −7.1%, against −5.1% a year (stabilising).

Bharat Dynamics Ltd's operating margin was 15.0% in the Jun 2026 quarter, 33.0 percentage points higher than the same quarter a year ago. Across 13 years it has been between −1.0% and 26.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed +32.8 percentage points on the year while gross margin changed −24.6 points. So the gain came mostly from the gross margin, which means input costs and prices charged.

Over the last 3 years, 75% of Bharat Dynamics Ltd's reported profit came in as cash from its operations, so most of the profit is real cash. In FY26 it brought in ₹604 Cr of operating cash against ₹420 Cr of profit. After ₹166 Cr of spending on assets, ₹438 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason.

What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building.

Bharat Dynamics Ltd's customer, stock and supplier day counts come out in the thousands of days on sales this small (₹2,442 Cr in FY26), so no cash-cycle chart is drawn and this section looks at its spending on assets instead. It spent ₹508 Cr on assets over the last 3 years.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

Averaged over those years that is 6.9% of FY26 revenue a year.

Spending on assets: ₹508 Cr over the last 3 years, against ₹214 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹299 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Bharat Dynamics Ltd's P/E is 75.7×, near the high end of its own history: higher than 75% of past readings. Its usual P/E (the middle reading) is 27.5×, over 8.6 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

Why the multiple is where it is: over the past year earnings per share moved −23.5% while the price moved −25.7%. Earnings did better than the price, which pulled the multiple down within its own range.

Where the price move came from: over 5 years the price moved +38.1% a year; about +10.6% a year came from earnings growth and about +27.5 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple.

In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple.

Bharat Dynamics Ltd's business is getting worse. Revenue, profit and EPS growth are shrinking: revenue growth is −18.7% in the latest quarter, against +82.7% at its best in 12 quarters, with ROCE steady at 9.3%. This is based on 12 quarters of 4 measures.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Why it matters: falling lines mean any ratio below that looks low should be read with that direction in mind.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the share price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

Bharat Dynamics Ltd earned a ROCE of 14% in FY26. That is up from a low of 13% in FY21. Its return on capital used (ROIC) is 7.9 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses.

Return on capital employed (ROCE) is the profit the whole business earns on all the money in it, from shareholders and lenders together. It is the best single test of whether growth adds value or just size.

It comes from a 17.2% net margin and 0.17× asset turnover (sales divided by assets).

Why the return is what it is (FY26): a 17.2% net margin × 0.17× asset turnover × 3.38× leverage (assets divided by equity) ≈ 9.9% on equity. The margin does most of the work; borrowing is a big part of it.

The key test, return on capital used minus the cost of capital: 4.1% − 12.0% = −7.9 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve.

The 4.1% ROIC above is the latest reading, as reported. The yearly chart below shows FY22 at 41.2%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method.